Papers on "The Nehemiah Corporation of California" and similar term paper topics

Paper #003757 :: The Nehemiah Corporation of California
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An analysis of the down payment assistance corporation, the Nehemia Corporation.

Written in 2002; 2,325 words; 9 sources; $ 71.95

Paper Summary:

An overview of the Nehemiah Corporation of California. The author explains that this corporation is the largest privately-funded down payment assistance program for affordable home ownership. This essay examines the purpose of this corporation, when it was developed and how it operates.

From the Paper:

"The purpose of the Nehemiah Corporation of California?named from a Biblical story in which Jerusalem was rebuilt?is to provide affordable income to people. "Don Harris the founder of the Nehemiah Corporation of California, started this program at a time when government funds for housing and affordable housing programs were disappearing throughout our nation, and along with them, the American Dream of affordable home ownership. Now, The Nehemiah Program? is the largest privately-funded down payment assistance program in the nation. Since 1997, The Nehemiah Program? has assisted over 97,000 homebuyers to become homeowners nationwide." (Broder). Harris is a real estate lawyer who was approached by the owner of a 120-unit townhouse complex, annoyed that most of his prospective tenants couldn?t afford to pay the down payment required for the homes. Harris then researched FHA and IRS regulations to learn that it was legal for a family member or a non-profit organization to donate money for down payments to qualified buyers."

Tags: assistance down payment housing afford ownership funding private finance

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